Short Interest in CareCloud, Inc. (NASDAQ:CCLDO) Expands By 280.0%

CareCloud, Inc. (NASDAQ:CCLDO) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,900 shares, an increase of 280.0% from the March 15th total of 500 shares. Based on an average daily volume of 10,900 shares, the short-interest ratio is presently 0.2 days.

CareCloud Stock Performance

CCLDO stock traded up $0.38 during trading on Wednesday, hitting $18.58. The company had a trading volume of 12,010 shares, compared to its average volume of 8,293. The business has a 50-day moving average of $19.31 and a 200-day moving average of $17.49. CareCloud has a one year low of $5.56 and a one year high of $22.62.

CareCloud Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.1823 per share. The ex-dividend date was Monday, March 31st. This represents a yield of 11.56%.

About CareCloud

CareCloud, Inc, a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company’s portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services.